Electronic Funds Transfer: Fraud
The question
To ask the Chancellor of the Exchequer, what discussions she has had with social media and telecommunication companies on reducing Authorised Push Payment Fraud on online platforms.
Answered by Emma Reynolds
The government is committed to ensuring that all key sectors play their part to better protect the public and businesses from fraud.
In November, building on existing pledges to prevent fraud, the Home Secretary, the Secretary of State for Science, Innovation and Technology and the Chancellor wrote to signatories of the Online Fraud Charter and Telecommunications Fraud Sector Charter calling for technology platforms and telecoms providers to go further and faster in their efforts to tackle the fraud that exploits their services.
The government will publish a fraud prevention strategy in due course, which will ensure a unified and coordinated response from government, law enforcement and industry.
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